The statistics of this category record at a specific point in time (end of year), the stocks of assets and liabilities of enterprises resident in Greece vis-à-vis non-residents that are in a direct investment relationship with each other.
A direct investment relationship arises when a Greek firm (direct investor) holds at least 10% of the capital of a non-resident firm (direct investment enterprise) or, conversely, when a non-resident firm (direct investor) holds at least 10% of the capital of a Greek firm (direct investment enterprise).
In particular, the direct investment account includes, in addition to the initial transaction that created the direct investment relationship (establishment, merger, acquisition), also transactions that involve the following:
- maintenance or expansion of the direct investment relationship (capital increase, merger/acquisition);
- termination of the direct investment relationship (disinvestment);
- reinvestment of earnings; and
- other financial transactions (loans, trade credits) between direct investors, direct investment enterprises and other affiliated enterprises.
The compilation methodology follows the extended directional principle according to the methodology of the OECD Benchmark Definition of Foreign Direct Investment, 4th edition, while the alternative recording of direct investment according to the assets/liabilities principle (Press release 23/03/2015: Balance of payments: Transition to the new compilation methodology − BPM6) only applies to the presentation of international investment position as a whole. In the case of direct investment statistics disaggregated by country or by sector of economic activity, the directional principle applies.
Detailed information and data are collected and processed through questionnaires directly sent to enterprises established in Greece.